Data from the Enerdatics Energy Transition PPA database indicates that ERCOT has seen ~1.8 GW in corporate power purchase agreements (PPAs) since the start of 2024, constituting over 60% of the U.S. total.
đź’ˇ Tech giant Microsoft leads the way, having secured ~800 MW across three deals. Meanwhile, new entrants such as UnitedHealth Group, Sonoco, and AdventHealth are also stepping up their sustainability efforts.
🏆 Key Suppliers Making Waves:
> Regional Leaders: Primergy, Leeward Renewable, Scout Clean Energy
> International Players: Orsted, ENGIE
🤝 Positive PPA negotiations in ERCOT are driven by the market's lower land and interconnection costs, which help mitigate higher interest rates and supply chain issues.
🌟 Top Deals to Note:
> Microsoft and Primergy: 408 MW from Ash Creek solar project
> Hyundai and Matrix Renewables: 147 MW (Hyundai’s first U.S. PPA)
> RTX and ENGIE: ~38 MW from Priddy wind project
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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